McCarthy Tétrault Awarded the Americas Technology and Telecommunications Tax Deal of the Year
Toronto, September 28, 2017 – McCarthy Tétrault was awarded the Americas Technology and Telecommunications Tax Deal of the Year at the 12th annual Americas Tax Awards, hosted by the International Tax Review (ITR) in New York City. The ceremony celebrates the firms that handle the most innovative client work in North and South America.
The award recognized the firm’s work on General Electric’s acquisition of Bit Stew in 2016. General Electric purchased Bit Stew Systems (a Vancouver-based start-up focused on industrial IoT technology) for $205 million. The acquisition was completed by way of plan of arrangement and values Bit Stew at US$153 million. Significant institutional shareholders of Bit Stew included Yaletown Venture Partners, Kensington Capital Partners, Cisco and BDC Capital.
McCarthy Tétrault advised General Electric on Canadian matters with TJ Kang as the tax lead, and a deal team which included Sven Milelli, Maxime Léveillé and Sebastian Nishimoto (Corporate), Kevin Wright (Debt), Brian O’Neill (Tax), Miranda Lam (Litigation), Vincent Yip (IP), Donovan Plomp (Labour and Employment) and Oliver Borgers and Michele Siu (Competition).
“This award is a testament to our team, and our ability to get deals done when called into action,” says Christian Meighen, McCarthy Tétrault’s Practice Group Leader, Tax. Christian accepted the award on behalf of the tax group at the Pierre in New York. Other firms acting on this transaction include McMillan and Sidley Austin LLP.
McCarthy Tétrault’s Tax Group is distinguished as one of Canada’s top-ranked tax practices. With more than 40 lawyers across Canada, the group has extensive experience advising leading national and multinational companies on a variety of tax-related matters including planning and disputes.
International Tax Review is a prominent and trusted source of news and analysis for tax industry leaders. The Americas Tax Awards recognize the most innovative tax and transfer pricing advice and the leading in-house teams, firms and individuals in North, Central and South America between June 2016 and June 2017.
About McCarthy Tétrault
McCarthy Tétrault LLP provides a broad range of legal services, advising on large and complex assignments for Canadian and international interests. The firm has substantial presence in Canada’s major commercial centres, as well as in New York City and London, UK.
Built on an integrated approach to the practice of law and delivery of innovative client services, the firm brings its legal talent, industry insight and practice experience to help clients achieve the results that are important to them.